Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Today's Top SOA Links


ThomasMansfield Reveal How to Get the Best from a Severance Agreement

LONDON, February 11, 2013 /PRNewswire/ --

Are you thinking of leaving your job? Employment solicitors ThomasMansfield are on hand to help you read between the lines

Few employees need telling that the face of the jobs market has altered remarkably in the last four and a half years, since the credit crunch of 2008. In that time, 2.7 million people have been made redundant - equivalent to one in ten employees at the start of the recession.

The increasing instability of modern workplaces - where flexible contracts and freelance operations allow both more freedom yet also a much reduced sense of support and ongoing growth - means that redundancy is no longer a distant nightmare, but a much more pressing threat.

For employees who face redundancy in 2013, the fact is that their own performance may well have very little to do with it. Increased economic pressures and the demand to downsize on companies which, prior to the recession, were expanding exponentially, are hitting employers hard.

Ironically, even redundancy itself is an expensive business - it is estimated to have cost UK employers £28.6 billion in the last four and a half years; and with more big name companies reporting losses or liquidation (HMV now potentially joining recent names like Jessops), it is not going to go away.

What does a severance agreement  have to do with redundancy?

When an employer wishes to make an employee redundant, the employee may be offered a severance agreement.

Also known as a compromise agreement, this agreement makes an arrangement for the employer to pay the employee a certain amount of money so that the employee will contractually agree not to file any complaints or claims against that company.

It sounds like a tricky business because it is a tricky business. For both employers, and especially the concerned employees, it is something of a minefield.

The purpose of the agreement is simple:

  • to ensure that employer and employee walk away from the table with a guarantee that there will be no further disputes

How does it happen?

It is common to use a solicitor to help the employee through the many potential issues of a severance agreement. In order for the employer to be able to enforce the agreement the employee must receive legal advice on the agreement before the agreement is signed.

The employer will usually make a contribution towards the employee's costs for receiving legal advice on the agreement. The key questions the solicitor or advisor will be looking to resolve are:

  • Is the clause understandable to the employee?
  • Does the employee have any claims against the employer that are not addressed in the agreement?
  • Is the compensation offered by the agreement fair?
  • Is the compensation sufficient to ensure that the employee will not launch any later claims against the company?

This process is usually followed by a discussion between the parties on any outstanding issues before the agreement can be signed. Employees are reminded that once a compromise agreement is signed, it is not possible to take the company to court regarding employment law issues unless the company itself has broken the terms of the agreement.

Sources:

http://www.thomasmansfield.com/employees/compromise-agreement/

http://www.findlaw.co.uk/law/employment/losing_a_job/500395.html

http://www.cipd.co.uk/pressoffice/press-releases/redundancies-since-jobs-recession-140312.aspx

http://www.bbc.co.uk/news/business-21023602

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Web 2.0 Latest News
While there could be more similar use cases, the point here is IoT while bringing new innovation and benefits also brings new risks. These risks much different from earlier innovations, because when in earlier cases it is mostly the enterprise financial, reporting and other data pr...
Hortonworks went through an IPO last Friday, December 12, 2014. It’s initial price of $16 soared by 60% immediately after. Today the stock price is $24.70 with a market cap of $1.02B. Another billion dollar club member. They compete with Cloudera and MapR in packaging the open source H...
The illustration in the beginning of this post depicts the Internet of Things (IOT). You can guess (correctly) that I think that this technology is significant and important. In my opinion it is a revolution. I do not know if IDC's Internet of Things prediction is right for 2015, bu...
Large technology manufacturers that focus on channel sales through distributors and resellers have traditionally operated with informal processes, using tools like spreadsheets and information driven by anecdotal stories from channel partners, unstructured data, and the "gut instinct" ...
At the onset of 2015 it seems that Business Intelligence software has become a nearly consensual part of any data-driven organization. Today companies large and small are realizing, more than ever, that "data is power", and that harnessing this power requires the right tools for the jo...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021




SYS-CON Featured Whitepapers
ADS BY GOOGLE